If it takes 45 days to sell inventory, 30 days to collect for the sale, and creditors' payment terms are 60 days, the financing period is 135 days
Indicate whether the statement is true or false
False
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A ________ allows the debtor in possession to avoid any obligation that he or she would otherwise be forced to perform.
Fill in the blank(s) with the appropriate word(s).
If receipts from cash sales of $7,500 were recorded incorrectly as $5,700 in the company's books, then this item would be included on the bank reconciliation as a(n)
a. deduction from the balance per company's records b. addition to the balance per bank statement c. deduction from the balance per bank statement d. addition to the balance per company's records
Which of the following is true of product line advantage?
A) A business with a broad line of products has to be more focused in order to be cost effective in its marketing efforts. B) It is important to expand a business's product line during the emerging stage of the product life cycle. C) Businesses with narrow product lines are more profitable during the emerging and growing stages of a product life cycle. D) A narrow line of products creates more selling opportunities for the sales force and channel partners. E) It is a source of competitive advantage that is independent of differentiation advantage.
The ________ approach involves offering both a high-priced and a low-priced brand that would result in brands at multiple price tiers
A) congestion pricing B) price bundling C) complementary pricing D) product-line pricing